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Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 17.92 CHF 1.59%
Market Cap: CHf3B

P/FCFE

19.9
Current
34%
More Expensive
vs 3-y average of 14.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
19.9
=
Market Cap
CHf3.2B
/
Free Cash Flow to Equity
€165.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
19.9
=
Market Cap
CHf3.2B
/
Free Cash Flow to Equity
€165.5m

Valuation Scenarios

Adecco Group AG is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (14.9), the stock would be worth CHf13.4 (25% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-39%
Maximum Upside
+3%
Average Downside
17%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 19.9 CHf17.92
0%
3-Year Average 14.9 CHf13.4
-25%
5-Year Average 12.1 CHf10.96
-39%
Industry Average 18.5 CHf16.73
-7%
Country Average 20.4 CHf18.4
+3%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
CH
Adecco Group AG
SIX:ADEN
3B CHF 19.9 11.1
JP
Recruit Holdings Co Ltd
TSE:6098
10.3T JPY 22.5 24.7
NL
Randstad NV
AEX:RAND
4.4B EUR 12.2 16
CN
51job Inc
F:IWQ
3.9B EUR 341.5 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 17 35
PL
Benefit Systems SA
WSE:BFT
13.1B PLN 9.4 23
US
Korn Ferry
NYSE:KFY
3.4B USD 12.1 12.9
JP
Persol Holdings Co Ltd
TSE:2181
521.4B JPY 10.7 13.3
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 40.4 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.8B HKD -1 041.2 -228.3
US
Robert Half International Inc
NYSE:RHI
2.7B USD 10.1 20.8

Market Distribution

In line with most companies in Switzerland
Percentile
49th
Based on 862 companies
49th percentile
19.9
Low
0.1 — 13.4
Typical Range
13.4 — 31.1
High
31.1 —
Distribution Statistics
Switzerland
Min 0.1
30th Percentile 13.4
Median 20.4
70th Percentile 31.1
Max 931.4

Adecco Group AG
Glance View

In the bustling world of workforce solutions, Adecco Group AG stands as a pivotal player, orchestrating the delicate dance between talented individuals and the myriad needs of businesses across the globe. Headquartered in Zurich, Switzerland, this multinational enterprise has cemented its reputation by seamlessly connecting employers with job seekers, aligning aspirations with opportunities. Adecco's success lies in its dynamic approach, leveraging a rich portfolio of services that range from temporary staffing to permanent placement, outsourcing, and the magical realm of talent development and transition. Navigating through over 60 countries, the firm's commitment is evident in its robust network, harnessing local expertise while advocating for the highest standards of labor solutions. At the heart of Adecco's business model is its astute ability to capitalize on the fluidity of the labor market. The company thrives on the intricate demand for flexible workforce solutions, catering to businesses navigating the often volatile economic tides. By offering tailored services such as workforce management and recruitment process outsourcing, Adecco effectively becomes an indispensable strategic partner for its clients. Through these engagements, the group garners revenue by billing companies for the successful placement and short-to-long-term management of workforce needs. Meanwhile, job seekers benefit from the comprehensive support and career guidance provided, making Adecco not just a service provider, but a career catalyst. By harmonizing the varied interests of its stakeholders, Adecco Group AG perpetuates a cycle of growth fueled by the evolving world of work.

ADEN Intrinsic Value
43.06 CHF
Undervaluation 58%
Intrinsic Value
Price CHf17.92
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